HOES TEAM: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
HOES TEAM
Largest movements
- Tangible fixed assets +€270,943
up €270,943 (+37.7%), from €718,569 to €989,511
of which Land and buildings: +€284,565
- Receivables within one year -€170,183
down €170,183 (-62.6%), from €271,762 to €101,580
of which Other amounts receivable: -€156,372
- Receivables after one year -€33,886
no longer reported in 2025 (was €33,886)
- Deferred charges and accrued income -€16,705
no longer reported in 2025 (was €16,705)
- Intangible fixed assets -€12,417
no longer reported in 2025 (was €12,417)
- Other debts +€248,783
up €248,783 (+187%), from €133,046 to €381,828
- Short-term financial debts -€90,000
no longer reported in 2025 (was €90,000)
- Debts after one year -€80,973
down €80,973 (-14.0%), from €578,168 to €497,195
- Trade debts -€32,847
down €32,847 (-24.1%), from €136,268 to €103,421
- Tax, wage and social debts -€14,711
down €14,711 (-77.8%), from €18,911 to €4,200
of which Taxes: -€11,030
- Gross operating margin +€104,640
up €104,640 (+71.1%), from €147,175 to €251,815
- Staff costs -€96,280
down €96,280 (-97.6%), from €98,672 to €2,392
- Depreciation +€78,608
up €78,608 (+467%), from €16,827 to €95,435
- Other operating charges +€53,661
up €53,661 (+594%), from €9,039 to €62,700
- Financial charges -€8,102
down €8,102 (-26.2%), from €30,928 to €22,826
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,055,554 | €1,096,368 | +€40,814 | +3.9% |
| Fixed assets | 21/28 | €730,986 | €989,511 | +€258,525 | +35.4% |
| Intangible fixed assets | 21 | €12,417 | - | -€12,417 | |
| Tangible fixed assets | 22/27 | €718,569 | €989,511 | +€270,943 | +37.7% |
| Land and buildings | 22 | €668,723 | €953,288 | +€284,565 | +42.6% |
| Plant, machinery and equipment | 23 | €29,602 | - | -€29,602 | |
| Furniture and vehicles | 24 | €20,245 | €36,224 | +€15,979 | +78.9% |
| Current assets | 29/58 | €324,568 | €106,857 | -€217,711 | -67.1% |
| Amounts receivable after more than one year | 29 | €33,886 | - | -€33,886 | |
| Trade receivables | 290 | €33,886 | - | -€33,886 | |
| Amounts receivable within one year | 40/41 | €271,762 | €101,580 | -€170,183 | -62.6% |
| Trade receivables | 40 | €45,318 | €31,508 | -€13,810 | -30.5% |
| Other amounts receivable | 41 | €226,445 | €70,072 | -€156,372 | -69.1% |
| Cash at bank and in hand | 54/58 | €2,215 | €5,277 | +€3,062 | +138% |
| Deferred charges and accrued income | 490/1 | €16,705 | - | -€16,705 | |
| Total equity and liabilities | 10/49 | €1,055,554 | €1,096,368 | +€40,814 | +3.9% |
| Equity | 10/15 | €6,472 | €9,315 | +€2,844 | +43.9% |
| Contributions | 10/11 | €19,085 | €19,085 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,613 | -€9,770 | +€2,844 | +22.5% |
| Amounts payable | 17/49 | €1,049,083 | €1,087,053 | +€37,970 | +3.6% |
| Amounts payable after more than one year | 17 | €578,168 | €497,195 | -€80,973 | -14.0% |
| Financial debts | 170/4 | €578,168 | €497,195 | -€80,973 | -14.0% |
| Amounts payable within one year | 42/48 | €467,795 | €587,246 | +€119,451 | +25.5% |
| Current portion of amounts payable after more than one year | 42 | €89,571 | €97,797 | +€8,226 | +9.2% |
| Financial debts | 43 | €90,000 | - | -€90,000 | |
| Credit institutions | 430/8 | €90,000 | - | -€90,000 | |
| Trade debts | 44 | €136,268 | €103,421 | -€32,847 | -24.1% |
| Suppliers | 440/4 | €136,268 | €103,421 | -€32,847 | -24.1% |
| Taxes, remuneration and social security | 45 | €18,911 | €4,200 | -€14,711 | -77.8% |
| Taxes | 450/3 | €15,230 | €4,200 | -€11,030 | -72.4% |
| Remuneration and social security | 454/9 | €3,681 | - | -€3,681 | |
| Other amounts payable | 47/48 | €133,046 | €381,828 | +€248,783 | +187% |
| Accrued charges and deferred income | 492/3 | €3,119 | €2,612 | -€507 | -16.3% |
| Remuneration, social security and pensions | 62 | €98,672 | €2,392 | -€96,280 | -97.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,827 | €95,435 | +€78,608 | +467% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€25,094 | -€20,363 | +€4,730 | +18.9% |
| Other operating charges | 640/8 | €9,039 | €62,700 | +€53,661 | +594% |
| Non-recurring operating charges | 66A | €37,504 | €86,213 | +€48,709 | +130% |
| Gross operating margin | 9900 | €147,175 | €251,815 | +€104,640 | +71.1% |
| Operating profit (loss) | 9901 | €10,228 | €25,439 | +€15,211 | +149% |
| Financial income | 75/76B | €7,030 | €231 | -€6,800 | -96.7% |
| Recurring financial income | 75 | €7,030 | €231 | -€6,800 | -96.7% |
| Financial charges | 65/66B | €30,928 | €22,826 | -€8,102 | -26.2% |
| Recurring financial charges | 65 | €30,928 | €22,826 | -€8,102 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | -€13,670 | €2,844 | +€16,514 | |
| Profit (loss) for the period | 9904 | -€13,670 | €2,844 | +€16,514 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,670 | €2,844 | +€16,514 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.